Mercedes, Audi, Bentley, Land Rover… this is the fleet of almost 40 luxury cars of Miguel Vázquez, the CEO of the bankrupt Ueno Bank in Paraguay

The newspaper ABC Color had access to the inventory and details about the fleet of VIP cars that Vázquez accumulated, valued at more than three million dollars.

Always according to ABC, Mercedes-Benz, Bentley, Audi, Land Rover and other well-known brands make up the list of “toys”, many of them imported from the United States and then sent to Brazil to be armored.

An inventory as of September 30, 2026 reveals that only the Vázquez Group, controller of Ueno Bank, had almost 40 vehicles valued at more than US$ 3 million in its name. Added to that collection is another fleet that has already been seized by the Prosecutor’s Office and The total figure exceeds US$ 11.6 million.

Ueno Bank once had more than 2.9 million clients in Paraguay, a country of just over 6 million inhabitants, and accumulated deposits of some 17 trillion guaraníes (US$2.8 billion), including hundreds of millions from the public sector.

Last week, Paraguayan regulators intervened in the bank and They declared it insolvent and undercapitalized, leaving a heavy bank corralito overnight.

The bank’s collapse led Congress to remove former President Santiago Peña, who had business ties to Ueno’s controlling shareholder. Former central bank president Carlos Carvallo and two other board members also left their positions.

Peña is in preventive detention after prosecutors accused him of breach of trust and illicit enrichment for his alleged role in the bank’s collapse.

The central bank began refunding Ueno clients last Thursday, after Congress approved a law that ordered the monetary authority to pay up to 122 million guaraníes per depositor within five days. These payments are counted within the coverage limit of the Deposit Guarantee Fund, of 228.3 million guaraníes per person.

Millennial banker, fitness fanatic and heir to a business group, Federico Miguel Vázquez was until a few days ago at the head of Ueno Bank, which was declared insolvent and left almost 3 million Paraguayans with their savings frozen.

The crisis and fall of Ueno Bank put one of the most expanding business groups in Paraguay in recent years in the spotlight. Behind the financial entity is Grupo Vázquez, a holding company that became an empire with more than twenty companies in sectors ranging from financial services and technology to agribusiness, real estate, entertainment and media.

Its main shareholder is Federico Miguel Vázquez Villasanti, a 36-year-old businessman who built his path on the basis of family businesses. He aspired to turn Ueno Bank into the first Paraguayan “unicorn”, referring to companies that reach US$1 billion in stock market value.

According to the ABC newspaper report published this Wednesday, among the most expensive car models that Vázquez acquired are an Audi RS Q8 of US$ 234,000; a Mercedes-Benz G580 for US$225,000 and an Audi e-tron GT RS for US$186,000. A Rolls-Royce Phantom (2016) also appears, which was purchased for US$184,488, according to the invoice.

In the document, to which ABC had access, they also cite un Lexus LX 500D 2023listed at US$178,200, and of the Land Rover Defendervalued at US$ 174,000 each. The vehicle collection is completed with a 2026 Lexus LX700H hybridof US$ 171,000 and una Toyota Land Cruiser VX 300 GRde US$ 165.000.

But the fleet of cars is just a small fraction of the assets amassed by the businessman. The list also includes two aircraft, boats, motorcycles and golf carts. And an apartment in Miami worth 10 million dollars.